Colleges and universities across the nation have been financially impacted by COVID-19 in numerous ways. From forced housing refunds to declining enrollment and loss of revenue, many community colleges find themselves wondering what the 2020/21 semester will look like – if they have one.
In this article, we’ll explore the financial impact of COVID-19 on community colleges and what they are doing to make up for lost funds. We’ll also touch on predictions for enrollment in the 2020/21 school year and examine the data we’ve already collected regarding the impact of the pandemic on community colleges as well as their faculty and students.
How Have Budget Cuts Affected Community Colleges?
Though the novel coronavirus had already taken hold in numerous countries by then, the World Health Organization (WHO) didn’t announce COVID-19 as a global health crisis until March 11, 2020. Within weeks, thousands of businesses closed their doors and millions of college students were sent home.
Schools around the country scrambling to take their programs online were met with the additional challenge of unequal access to resources among their students. For thousands of students, the college experience was significantly altered and not everyone took it in stride. Several colleges were sued by students in search of tuition refunds and many colleges were forced to provide housing refunds, often toe the tune of over $1,500 per student.
Now that most colleges and universities have officially completed their 2019/20 school year, colleges are left wondering what the